Trucking Business News

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

BusinessEquipment

Navistar CEO Persio Lisboa Announces Executive Appointments

Navistar International Corp. announced three executive appointments under the leadership of newly named CEO Persio Lisboa, effective immediately.

August 13, 2020
GovernmentBusinessTechnologyLogistics

Uber’s Legal Strategy on Driver Fight: Delay, Appeal to Public

Uber Technologies Inc. CEO Dara Khosrowshahi’s warning that the company may have to temporarily shut down in California is textbook strategy for the ride-hailing giant: When adverse court rulings hit, appeal to the public for support and seek to delay regulatory action.

August 13, 2020
BusinessEquipment

July Medium-Duty Sales Drop Nearly 20%

July medium-duty truck sales dropped almost 20% compared with a year earlier as only the combined total of the two lightest segments posted a small gain, WardsAuto .com reported.

August 13, 2020
GovernmentBusinessSafety

US Jobless Claims Below 1 Million for First Time in Pandemic

The number of Americans applying for unemployment benefits fell below 1 million for the first time since the pandemic began in March, suggesting the economic recovery is gaining some traction amid a deceleration in coronavirus infections.

August 13, 2020
GovernmentBusiness

On the Roads Less Traveled, Speeds Are Up

With emptier roads during the coronavirus pandemic tempting some drivers to pick up the pace, the National Highway Traffic Safety Administration is taking a fresh look at the motivations that compel drivers to speed.

August 12, 2020
GovernmentBusiness

Highway Bill Stuck in Limbo Amid Negotiations

Less than two months before the country’s current highway policy law expires, congressional leaders and the White House are plodding through negotiations on a new highway bill.

August 12, 2020
GovernmentBusinessFuel

Diesel Increases 0.4¢ to $2.428 for First Increase in Four Weeks

The average price of diesel increased for the first time in four weeks, inching up four-tenths of a cent nationally to $2.428 per gallon on Aug. 10, according to the Energy Information Administration’s weekly report.

August 12, 2020
Business

Stocks Briefly Erase Pandemic Losses; Oil Rallies

U.S. stocks briefly surpassed the all-time closing high reached before the coronavirus pandemic, propelled by surging technology shares. The dollar weakened, and Treasury yields rose to five-week highs.

August 12, 2020
BusinessEquipmentBreaking News

Class 8 Sales Show Resurgence in July

U.S. Class 8 retail sales in July cleared 14,000 for the highest total since March, WardsAuto.com reported as the freight economy grew stronger.

August 12, 2020
BusinessTechnologyFuel

Commercial Trucks Pick Up Speed on Road to Sustainability

Commercial trucking is making progress with sustainability, but obstacles and unknowns remain, according to a coalition of industry groups.

August 12, 2020